Overview
What is Promedica Health System Inc?
Promedica Health System Inc, based in Toledo, Ohio, is a not-for-profit corporation acting as a holding company for several entities within a healthcare network. With a mission to enhance the health and well-being of others, the organization provides management services and support to all entities under its wing. Guided by the core values of compassion, innovation, teamwork, and excellence, Promedica Health System Inc is an integrated healthcare delivery network that employs over 13,000 individuals.
Official website here: www.promedica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Promedica Health System Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is based entirely on the accountability and finance beacon, showcasing the organization’s commitment to transparency and effective financial management. The 88% score indicates that the organization is effectively managing its resources and adhering to best practices in governance.
The organization demonstrates strengths in its board composition and oversight mechanisms, with a significant score in audit and oversight practices. While it has a majority of independent board members at 42%, it still maintains a robust independent board size, ensuring diverse viewpoints in its decision-making processes. Additionally, the absence of material diversion of assets and comprehensive policies on conflict of interest, whistleblower protections, and document retention contribute to its accountability.
However, the percentage of independent board members may be a concern for some stakeholders, as it falls below the typical benchmark that recommends a higher percentage for enhanced governance. Despite this, Promedica Health System's high program expense ratio of 79.05% indicates a strong commitment to using resources for its mission. Overall, while there are areas for improvement, the organization exhibits a solid foundation of financial responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Promedica Health System Inc legitimate?
Promedica Health System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promedica Health System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.promedica.org
What is the mission statement of Promedica Health System Inc?
Promedica Health System Inc, a not-for-profit organization, is dedicated to enhancing the health and well-being of others. This mission is underpinned by the core values of compassion, innovation, teamwork, and excellence. As a leading healthcare delivery network, it provides various healthcare services and offers management and support to all entities within the system. By prioritizing the improvement of overall health and wellness, Promedica Health System Inc continues to make a significant impact on the lives of many.
Official website here: www.promedica.org
Who is the CEO of Promedica Health System Inc?
Terrence Metzger is the Trustee, Physician of Promedica Health System Inc. The CEO's salary of Promedica Health System Inc is $5,476,040 and their total compensation is $5,479,319.
Official website here: www.promedica.org
What is the revenue of Promedica Health System Inc?
Promedica Health System Inc's revenue in 2022 was $357,359,759.
Official website here: www.promedica.org
Who are the executives of Promedica Health System Inc and what are their salaries?
There are 13012 employees and 182 volunteers at Promedica Health System Inc.
Here are 33 key members and their salaries (Promedica Health System Inc's CEO's salary is $5,476,040 and their total compensation is $5,479,319):
- Compensation: $755,303
- Related: $0
- Other: $32,287
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $5,476,040
- Related: $0
- Other: $3,279
- Compensation: $510,554
- Related: $0
- Other: $12,750
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,605,830
- Related: $0
- Other: $12,750
- Compensation: $927,467
- Related: $0
- Other: $44,223
- Compensation: $1,784,426
- Related: $0
- Other: $42,695
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $683,615
- Related: $0
- Other: $6,102
- Compensation: $2,435,815
- Related: $0
- Other: $61,437
- Compensation: $750,065
- Related: $0
- Other: $0
- Compensation: $420,583
- Related: $0
- Other: $6,307
- Compensation: $799,129
- Related: $0
- Other: $7,269
- Compensation: $554,277
- Related: $0
- Other: $0
- Compensation: $713,285
- Related: $0
- Other: $7,881
- Compensation: $664,999
- Related: $0
- Other: $0
- Compensation: $612,275
- Related: $0
- Other: $9,238
- Compensation: $874,733
- Related: $0
- Other: $15,675
- Compensation: $901,908
- Related: $0
- Other: $10,897
- Compensation: $252,074
- Related: $0
- Other: $7,385
- Compensation: $466,247
- Related: $0
- Other: $33,651
- Compensation: $933,727
- Related: $0
- Other: $4,072
Official website here: www.promedica.org
Where can I find the form 990 for Promedica Health System Inc?
Promedica Health System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promedica.org
Learn more at the official website: www.promedica.org
Mission Statement of Promedica Health System Inc
Promedica Health System Inc, a not-for-profit organization, is dedicated to enhancing the health and well-being of others. With a mission driven by compassion, innovation, teamwork, and excellence, this healthcare delivery network strives to make a positive impact on people's lives.
Established as a holding company, Promedica Health System Inc provides crucial management services and support to various corporations within its system, offering diverse healthcare services. The organization's core values guide its operations, fostering an environment where care and improvement are prioritized.
By focusing on the well-being of others, Promedica Health System Inc creates an integrated network that aims to deliver top-notch healthcare services. The team's unity and shared vision drive them to innovate and collaborate, ensuring that each entity within the system functions at its best. The organization's commitment to excellence sets the standard for the delivery of compassionate care, making a difference in the lives of those it serves.
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Impact
October, 2024
Promedica Health System Inc significantly impacts community health and well-being through its comprehensive integrated healthcare services. Based in Toledo, Ohio, the system operates as a robust network that encompasses various healthcare entities, delivering essential medical services across different care settings.
By prioritizing patient-centered care, Promedica enhances access to quality healthcare, which is crucial for improving health outcomes in the communities it serves. Its mission focuses on advancing the health and well-being of individuals by fostering a culture of compassion, innovation, teamwork, and excellence. This commitment ensures that patients receive not just treatment but holistic support tailored to their unique needs.
Additionally, Promedica plays a vital role in fostering community health initiatives and preventive care programs, which contribute to overall public health improvements. Through its various outreach and educational efforts, Promedica is dedicated to empowering individuals with the knowledge and resources necessary to make informed health decisions, ultimately leading to healthier communities. The integrated nature of its services allows for coordinated care, reducing fragmentation and enhancing the efficiency of healthcare delivery.
This information is meant to be a general summary of Promedica Health System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $52,705,052
- Program Service Revenue: $298,314,432
- Gross Receipts: $364,547,515
Assets and Liabilities:
- Total Assets: $1,727,790,337
- Total Liabilities: $468,074,722
- Net Assets: $1,259,715,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$298,273,939
PHYSICIAN CONSULTING
Revenue
$40,493
Organization Details
Founding Year
1986
Phone
(419) 252-5772Principal Officer
Terrence Metzger
Main Address
100 MADISON AVE ATTN TAX DEPARTM, TOLEDO, OH, 43604
Website
www.promedica.orgNTEE Category
Code: E210 - Health
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